Australia's Woodside Energy has announced the commencement of oil production from its inaugural offshore field in Senegal.
Meg O'Neill, the company's chief executive, declared, "Woodside Energy has achieved first oil production from the Sangomar field, successfully completing the first offshore oil project in this African country." O'Neill hailed the occasion as a historic milestone for both Senegal and Woodside Energy.
Situated in the Atlantic Ocean, approximately 100 kilometers south of Dakar, the Sangomar field is a collaborative effort between Woodside Energy and Senegal's Petrosen, operating under a production sharing agreement. Thierno Lee, CEO of Petrosen, emphasized the significance of the achievement, stating, "The first oil from the Sangomar field marks a new era not only for our country's industry and economy, but most importantly for our people."
With a project value of up to $5.2 billion, production at Sangomar utilizes a self-contained floating storage and offloading facility. The initial phase of development aims to produce 100 thousand barrels of oil per day, signaling a substantial advancement for Senegal's oil industry.
GSV "Russia - Islamic World"
Photo: wirestock/Freepik
Based on materials from TASS